In the crypto space, if you want to truly achieve financial freedom and compound interest, methods, techniques, and forming your own profit system are crucial!
Once you learn to master it, the crypto space will be like your "ATM," and making money will be as easy as breathing!
I have been trading cryptocurrencies for several years, and my journey to wealth can be summarized as follows:
The first ten million took the longest and was the most painful; the trading system was constantly reshaped and refined, taking a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million took just 5 days.
75% of the funds were earned in six months.
Let’s talk about those who made money:
First of all, they are definitely not contract players. None of the contract players I know are making money. Even if they made money at some stage, the final outcome is still a complete loss. The essence of contracts is mainly gambling—making money through probability. Of course, this has a slightly higher probability than betting on high or low, but it’s basically similar. Those who make money in contracts are generally those who lead contract communities; they have already realized that contracts cannot make money, so they go to lead contract trading communities, where seasoned investors harvest new ones.
Here's some advice for those who want to break even or make money through contracts:
Many people who are losing money stay in the crypto space just to break even, but there is a harsh reality: most people cannot break even and cannot make money, especially those who want to break even through contracts; it is a delusion. Those who make money through contracts in the market are rare and few. Don’t fantasize about why you wouldn’t be that person. To be honest, if you want to break even through contracts, you really aren’t cut out for it. No matter how much you lose, it’s the same; even if you go bankrupt, you cannot break even through contracts. Therefore, I advise those who want to break even through contracts to quit contracts—in other words, quit gambling.
What should spot players do when they lose money?
First of all, if the loss isn't too much and there is still relatively more capital, that is, if the capital and loss are roughly equal, then it is relatively simple and easy to break even. Or, if you only need to multiply your investment by 5 times or less to break even, that is also possible. However, the most important point is the buying and selling points. If you are stuck at a high position, it will be difficult. Most people can make money when a bull market begins, or during the main uptrend of a bull market, but they lose money because they do not understand how to sell. After selling, during the main distribution phase, they repeatedly enter the market at high positions and get harvested. Therefore, for retail investors, the selling position is actually very important, but selling is not the most important thing.
The most important thing is that after selling, you must be able to remain in cash and wait. This is something that most people cannot do; around 95% of retail players cannot do this, which is fundamentally where most people lose money. If you can sell at a relatively high point, and after selling, you are not influenced by market analysts or various positive news at high points, and you stick to being in cash, then you are truly securing your profits, and that is real earning.
There is no path in trading that doesn't cost something; avoiding even one pit is crucial for survival. Your stop-loss lessons will eventually be paid for with real money.
Always remember, choice is greater than effort....
